jerry brown is known for being really frugal and a governor that looks to cut back where he can. but simply not enough was done over the last several years and of course he's going to voters again to ask for a bailout. >> okay. thank you very much, miguel almaguer, we appreciate the update from the cash-strapped california. >>> another story of economic distress, new today, jp morgan's jamie dimon spoke exclusively with nbc's david gregory on "meet the press." he's been under fire since disclosing the banking giant had a $2 billion trading loss. dimon says he was dead wrong when dismissed concerns about the bank's trading operations last month. joining me, nbc news white house correspondent, mike viquiera. another good sunday do you. what all did we hear from jamie dimon this morning? >> well you know, $1 billion here, $1 billion there, and pretty soon you're talking about big money. $2 billion, while jp morgan is not in any danger, even though it's a staggering loss, it's raised questions about regulations, and washington's approach not only in congress, to toughen up on wall st